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Oil Pares Gain With Market Weighing Mixed Demand Signals

Oil Rises With Robust Economic Data Offsetting Virus Concerns
Bloomberg
1 hr ago
Andres Guerra Luz
(Bloomberg) Oil rose the most in over a week alongside a broader market rally after positive economic data from the U.S. and Europe allayed some of the concerns around a rampant Covid-19 resurgence in countries such as India.
Futures climbed as much as 1.6% in New York after flipping between small gains and losses earlier in the session. A composite gauge of output at U.S. manufacturers and service providers reached a record high in April, while the latest data showed robust manufacturing figures in Europe. The dollar weakened, boosting the appeal of commodities priced in the currency, while strengthening U.S. equities helped support prices. ....

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Oil Drops as Pandemic Setbacks in India, Canada Menace Demand

Oil Drops as Pandemic Setbacks in India, Canada Menace Demand
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Oil Advances as Key OPEC+ Meeting Looms, Houthis Claim Strikes

Oil surged to the highest in nearly two years after the OPEC+ alliance surprised traders with its decision to keep output unchanged, signaling a tighter crude market in the months ahead. ....

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